Economics at your fingertips  

The joint impact of labour policies and the “Great Recession” on unemployment in Europe

Silvia Dal Bianco, Randolph Bruno and Marcello Signorelli ()

Economic Systems, 2015, vol. 39, issue 1, 3-26

Abstract: The paper consists of an empirical analysis of the separate as well as joint impacts on total and youth unemployment of indicators of labour market policies on the one hand, and the financial crisis associated with the “Great Recession” on the other. In particular, we investigate labour market data in the past two decades for the Enlarged Europe and adopt a variable accounting for the idiosyncratic severity shock of the crisis. This time-varying and country-specific crisis variable enables us to test empirically and in a novel way the joint impact of labour market policies and the economic crisis on labour market dynamics even when accounting for common macro shocks.

Keywords: Unemployment; Youth unemployment; Crisis; Labour market policies (search for similar items in EconPapers)
JEL-codes: C23 J65 O52 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.ecosys.2014.06.002

Access Statistics for this article

Economic Systems is currently edited by R. Frensch

More articles in Economic Systems from Elsevier Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2023-04-28
Handle: RePEc:eee:ecosys:v:39:y:2015:i:1:p:3-26